With the concerted efforts of all the staff, Baosteel International managed to not only ensure the stable operation of the Group's core business but also set a new record in the history of its business performance by responding actively to the undulating development of Chinese steel industry in 2004 on the basis of implementing the Group's strategy for the new round of development. The company attained a total consolidated sales revenue of RMB 111.29 billion yuan, a consolidated profit of RMB 1.64 billion yuan and the net return on assets reached 32.5% this year.
Annual Report of the Year
2003
Baosteel International achieved exhilarating
operational results by seizing the opportunity presented,
while giving full play to its sale's network advantages in 2003,
a year in which the iron and steel industry developed rapidly
and enjoyed a prosperous steel market as a result of China's robust
and quick economic growth. Meanwhile, a steady material supply to
iron and steel production of Baosteel Group was secured in the same
year despite the difficulties, such as soaring price due to shortage
of iron and steel raw material and fuel, which Baosteel International
had to face and overcome .The annual consolidated sales is RMB 70.5 billion yuan,
the total export & import volume is USD 1.86 billion, and the consolidated
profile realized is RMB 0.67 billion yuan.
Annual Report of the Year
2001
In the Year 2001, the Headquarters of Baosteel
International achieved the sales proceeds 46.766 billion
Yuan RMB and 231 million Yuan RMB of profit in total,
export of steel products 1.2177 million; Sales of domestic
steel is of 10.8879 million tons (including import substituded
by products earned the profit in foreign currency of $
3.622575 billion USD. Among which, in regards to the Bulk
Buying of Raw Material, it imported once in staple amount
of 17.4729 million tons of iron ore for Baosteel Group,
valued $ 426 million USD.
Domestic Sales Tonnage of steel products of Baosteel
Iron and Steel Corporation was 6.2066 million in a mode
of outright and commissioning agent business; sale of
steel (billet) of the other Baosteel Group member units
was 1.9926 million tons. In trade, Baosteel International
accomplished 8.484 billion Yuan RMB of sale proceed
in overseas trade, accounting for 18% of the total sales
income.
Annual Report of the Year
2000
The Year 2000 the Headquarters of Baosteel
International achieved the proceeds of sale 15.627billion
Yuan RMB and 252 million Yuan RMB of profit in total,
calculated on the basis of the Law of Right and Interests;
among which, $1.357 billion USD is the total amount of
the importation and exportation trade, while the Sales
Proceeds of Subsidiaries was 32.0 billion Yuan RMB, the
gained profit totaled 263 million Yuan RMB. Baosteel International
made sufficient use of advantageous conditions at home
market in the first half of the year, realized Annual
Sales Proceed of domestic steel 5.1076 million Yuan RMB.
In export trade of steel product, a record of 1.8737 million
tons was created and earned the profit in foreign currency
of $ 547 million USD
Annual Report of the Year 1999
This year Baosteel International took its own
advantages of Procurement &Sales Network, acted as the agent
of Shanghai Pudong Steel Inc. to procure ferro-alloy and pig
iron; selling its products such as mid-heavy plate, stainless
steel and hot-rolled thin plate in a mode of outright all the
supply; undertook the equipment import business commissioned
by Yichang for Revamping Project for Cold Rolling Mill of Thin
Plate. The trade modes developed from the common trade in the
past into processing trade, overseas contracting, trade consultation
and so on. Operation in buying and selling products more several
hundreds in variety involving products such as steel products,
equipment, mechanics, automobile, iron ore and so on. Exportation
of equipment and material radiated from Asia to European markets.
